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Lekki deep sea port promises $360 bn benefits
Sopuruchi Onwuka Cumulative economic benefits of the Lekki deep sea port would topple whopping $360 billion, but players in the nation’s maritime industry fear that meeting the economic target might be stalled by channel occlusions that currently plague existing ports…
Fuel market chaos: Major marketers demand full deregulation
NNPC siphons susbidy funds as prices escalate Sopuruchi Onwuka The group of major petroleum marketers in the country has demanded government to embark on full deregulation of the market, given the weakness of regulators in controlling price surge and subsequent…
Wabote emerges Leadership Local Content Champion of the Year
NCI Fund the most performing funding scheme The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has been selected as the recipient of the Leadership Local Content Champion of the Year Award by…
Fuel scarcity: NMDRA holds consultation with DAPPMAN members
Sopuruchi Onwuka The Nigerian Midstream and Downstream Regulatory Authority (NMDRA) has entered consultation with key investment groups in the Nigerian petroleum products market to explore resolution to the lingering supply impasse. Yesterday, the agency of petroleum ministry held a private…
Germany hits 50,000 megawatts of wind power
Germany has declared that it has generated over 50,000 megawatts of electricity from wind, as the European continent tries to diversify its energy sources in the face of gas wean from Russia. Reports by agency sources quoted that data from…
Furore over N 625 billion 13 percent refund to Niger Delta states: Gov. Diri unveils big ticket projects
From CHRIS EZE, Yenagoa In what is seen in many circles as a subtle reaction to the allegation of mismanaging the 13 percent derivation refund to the Niger Delta states, Bayelsa governor, Senator Douye Diri on Tuesday showcased some multi…
Gas man in the Decade of Gas: Aka Nwokedi drives NGA into 2023
Sopuruchi Onwuka As his entire life continues to swirl in the world of petroleum gas, Mr Akachukwu Adeyinka Nwokedi enters the new year with a new role that will properly define him as a complete gas man who will lead…
Fuel scarcity: Market players blame government
*MOMAN pledges enhanced distribution for yuletide Sopuruchi Onwuka Key stakeholders in the Nigerian petroleum market have blamed the prevailing fuel supply instability in the country on regulatory failure, infrastructure obsolescence, acute foreign exchange crunch and lack of resource accountability by…
Nigeria is trapped between energy poverty, climate impact __NNPC
The twin impacts of energy poverty and climate change have wedged Nigeria between conflicting needs for decarbonisation and energy security through technologies that deliver both simultaneously. The Nigerian National Petroleum Company Limited declared at the Practical Nigerian Content (PNC) Forum…
Nigerian steel mills going obsolete
Private sector invests $500m in new mills Sopuruchi Onwuka The Nigerian steel industry can only thrive in the private sector, after initial government investments have gone moribund and technologically obsolete. However, the Organized Private Sector of the Nigerian economy has…
